Enbridge and Marathon join US pipeline system

OREANDA-NEWS. August 08, 2016. Canadian midstream firm Enbridge and US refiner Marathon Petroleum are buying into the 470,000-570,000 b/d Dakota Access-Energy Transfer Crude Oil pipeline system.

The firms will pay a total of \\$2bn for a 36.75pc stake in the project, which will transport crude from the Bakken shale to the US Gulf coast and which is expected to become operational by the end of this year.

The agreement reduces project developers Energy Transfer Partners' and Sunoco's combined stake to 38.25pc, while US independent refiner Phillips 66 — the main shipper on the line — retains 25pc. The purchase will end a deal between Enbridge and Marathon on developing the 225,000 b/d Sandpiper pipeline, raising doubts about the project.